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FuturesCom Investment Publications
Morning Comments Monday December 20th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Friday Dec 17th  2004
2:30 PM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10680 and 10820
Support
should appear near 10630 then 10580 and 10470

March SP500
Resistance
should appear near 1203.00 then 1217.50 and 1232.00 to 1238.00 region
Support
should appear near  1197.5 then 1192.00 and 1180.50

Nasdaq Composite
Support
should appear near 2134 to 2126 and 2089 to 2080
Resistance should appear near 2170 to 2185 and the 2219 to 2226  region.  

March Mini Nasdaq 100
Resistance
is at 1615 then 1628.5 and 1642 to 1655
Support is at  1609 then 1592.5  and 1576 to 1569


March Mini Russell 2000
Support
is at 643.00 to 641.70 and 635 to 633.7
Resistance
is at 648.3 to 650.9 and 657.7 to 659.1

March 10 Year T-Note

Resistance
should appear near 112-07 and 112-22
Support
is at 111-22 and 111-07

                                  The Frenzied Forex Front
March Yen

Resistance should appear near 9641and 9706 to 9737
Support
should appear near 9542 to 9526

March Euro Currency (EC)
Support
should appear at 13100 to 13030
Resistance should appear near 13340 to 13460  

March Swiss Franc
Resistance
should appear near 8683 and 8763 to 8777
Support should appear near 8668 and 8589 to 8560

March British Pound
Support
should appear near 1.9090 to 1.9020 
Resistance should appear near 19460 to 19530

March Canadian Dollar
S
upport should appear near 8134 to 8119 and  8044 to 8029
Resistance is at 8194 to 8223 and 8300 to 8314

March Aussie Dollar
Support
should appear near 7513 to 7486 and  7428 to 7414
Resistance should appear at  7587 to 7601 and the 7675 to 7689 region.

Precious Metals

February Gold
Resistance
should appear at  444.6 and the 450.3 to 451.4 region  
Support is at  438.1 to 437 and 431.5 to 430.4 

March Copper
Support
should appear near 13830 to 13770
Resistance
should appear near the 14150 to 14210.

March Silver
Support
should appear 667.5 to 665.5 and 651 to 648.5
Resistance
is at 680.5 to 683.5 and 690.5 to 692.0  

                           The Exciting Energies


Feb Crude Oil
Resistance
should appear near 4695 to 4717 and 4775 to 4785
Support
should appear near 4582 to 4571 and 4514 to 4503.

Feb Unleaded Gas 
Resistance should appear near  12320 to 12380 and 12680 to 12740
Support should appear near 12030 to 11920 and 11690 to 11640

Feb Heating Oil
Re
sistance should appear near  14530 to 14590 and 14840 to 14960
Support
should appear near 14250 to 14150 and 13830 to 13770 

The Lively Livestock

February Cattle
Support
should appear near 8967 to 8937 and 8872 to 8857 
Resistance is at 9042 to 9062 and 9142 to 9157

February Hogs
Support
should appear near  7342 to 7327 and 7257 to 7242 
Resistance
should appear near 7417 to 7427 and 7487 to 7512 

February Pork Bellies
Resistance
should appear near 9822 to 9837 then 9922 to 9937 and 10022 to 10037
Support
is at  9737 to 9707 and 9642 to 9622

                                        The Grande’ Grains

March Corn
Support
should appear near  2204 1/4 to 203 1/2 and 199 3/4 to 198 1/4
Resistance is at  208 to 208 3/4.. Beyond that sellers should appear near 212 3/4 to 213 1/2 

January Soybeans
Support
is at 543 to 541 3/4 and 535 3/4 to 534 1/2 
Resistance is at  549 1/4 to  550 1/2 and the  555 1/2 to 557 3/4 region. 

January Soymeal
Support
should appear near 157.6 to 156.9 and 153.5 to 152.9
Resistance
should appear near 160.9 to 161.5 and 164.2 to 165.5  

January Soybean Oil
Resistance
should appear near 2080 to 2089 and 2126 to 2134
Support should appear near 2042 to 2034 and 1996 to 1982

March CBOT Wheat
Support
should appear near 299 to 297 1/4  and 293 3/4 to 292 3/4. 
Resistance should appear near  304 1/2 and 309 1/4 to 310 1/2

 

                                      The Satisfying Softs
March ' The Monster ' Coffee 
Recommended open position long  at 10025
Support
is near 10360 to 10320 and 10135 to 10105
Resistance
should appear near 10580 to 10630 and 10680. 

March Cocoa 
Support
is at 1576 to 1569 .
Resistance is at 1609 to 1615

March Sugar
Support
should appear near 852 to 847 
Resistance
should appear near 877 to 882 

March Cotton
Support should appear near 4315 to 4305 and 4250 to 4235.
Resistance should appear near 4425 to 4445 and 4505 to 4515

- A Ship in Harbor is Safe...But that is not what ships are built for –

Happy Trading!
Bill
 wil@futurescom.com

1-866-409-3890
Friday  December 17th, 2004
3:50 PM South Florida Beach Time

THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES.  WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION.  FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS.  THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK.  THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS.  SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS.  PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY.  ADDITIONAL RISK DISCLOSURE IS AVAILABLE. 
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Recommended Open Positions
Long  March Coffee 10025